If you were an NIB Holdings (NHF.ASX) shareholder on Monday the 7th of October 2022, you may be eligible to purchase discounted NHF shares under the company’s share purchase plan (SPP).
The SPP is aiming to raise $15 million as part of a larger $150 million capital raise to fund NHF’s move into Australia’s National Disability Insurance Scheme (NDIS) sector as a plan manager. NHF has already completed a $135 million institutional placement and they are now giving retail shareholders an opportunity to purchase new shares as well.
Eligible shareholders can apply for up to $30,000 of new fully paid ordinary shares, without paying brokerage and at a discounted price. The pricing of the shares will be at the lower of the institutional offer price of $6.90 or a 2 percent discount to the 5-day volume-weighted average price (VWAP) in the five days leading up to the end of the offer.
There is a chance you will be scaled back in your application, which will occur if NIB receives more than $15 million in applications under the SPP.
The SPP is open as of today Wednesday 19th of October, and will run until 5:00 PM Sydney time on Monday the 7th of November.
To apply, simply go to https://www.nibspp.com.au/offer/ and follow the prompts
If you’re interested in learning to trade or invest, or you simply want an advisor to help with your transactions, please contact us on 03 8080 5788 or at advisors@traderscircle.com.au
The indicative timetable for the offer is below:
